Up over $5/share on this. This is such an example of a trade that 10yrs ago me would have probably missed. There is a mental game when people sell concerned with a pullback they become paralyzed when it doesn't materialize. I did manage to buy back in 0.50 cheaper than the previous exit but I would have made the trade regardless as it became clear that bears had no follow through this morning. The pop today was a little bigger than I was expecting and I'll take it. That little head fake lower is the kind of move that can really mess with traders.
This is why one secret to investing is to avoid emotions. Trade using charts and data. Use programmed orders to enter and exit trades.
Blazin
saw something that I didn't and profited from his move. I am willing to bet much cash he did not make that long trade based on a gut feeling or emotion. He saw something in the sell volume and accurately surmised the selling was done.
What it's saying is that value within the S&P is being redistributed to a handful of the highest-cap companies at the top. The rest of the market is falling. Now, granted, the rest of the market could recover next year, but all signs are pointing towards AI, whether real or hype, being a 'rich get much, much richer' situation. The companies that have the ability to build massive models and package them into existing products with a subscription or enterprise premium stand to gain a lot, everyone who can't afford 20K GPUs costing $10K each is going to eat dirt.
It is shocking how widespread this misunderstanding is. I mean, as far as I can tell, its the great majority of the American public that thinks this.
